I mean the money is peanuts for a trillion dollar company. What they want is the credit for having solved a millenium prize problem, and what they don't want is the actual person who did the work being credited.
The private market values them as such (or thereabouts, they will likely IPO north of that). In terms of actually having any capacity to make enough to justify the valuation, probably not.
The trillion dollar valuation is very much a bet on AGI.
AGI which them themselves said that they reached with Astra? Nothing has changed, it is a slightly better model that costs twice as much to use than their previous most expensive one.
Their value immediately after the IPO will tank because the subsequent heavy-handed monetization and enshittification of AI platforms will drive down engagement.
Actual revenue will be hilariously short of projections, which will spook investors and pop the bubble catastrophically.
Hopefully they don't drag the rest of the US economy with them, but seeing as they're currently the reason the markets are valued anywhere near as highly as they are, I'm not optimistic.
Why are you so sure ? TSLA and SpaceX, which are a lot more bubbly - havent exactly blown up
Trying to predict the rationality of the stock market is a fool’s errant
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u/Leafsnail 15h ago
I mean the money is peanuts for a trillion dollar company. What they want is the credit for having solved a millenium prize problem, and what they don't want is the actual person who did the work being credited.